Feros Group has announced the very large-format Terrey Hills Tavern is back on the market, as they look to focus on a swathe of opportunities in Sydney’s south. Nick and Chris Feros’ group has listed the Northern Beaches landmark, as offerings in Sydney have all but dried up, and in the wake of Iris Group […]
The Gravanis brothers’ Oscars Hotels has divested Darlinghurst’s Strand Hotel to the Jon Adgemis-led JAGA Group. Bill and Mario Gravanis have been particularly acquisitive over the past few years, purchasing the likes of the Beachcomber Resort on the Central Coast earlier this year, and Tattersalls in Penrith last year. They had recently completed an extensive
Australian Venue Co. has taken the next steps toward its public float, with fund managers this week informing investors the process will look to raise $352 million, while New York financial giants KKR retain their share. American heavyweight KKR secured its first significant stake in the Australian pub sector in late 2016, acquiring the leasehold
Another Wagga Wagga hotel hotel has sold sold, as the famous Romano’s joins a family in Riverina pub ownership. The landmark Romano’s Hotel has been in the hands of a syndicate of local and Sydney-based owners since 2016. The investors spent $1.6 million on a strategic renovation and refurbishment, predominantly of the ground floor and
Plans have been unveiled for a massive $300m+ development around Mt Druitt’s tired Vegas Hotel, bringing close to a thousand new apartments as the precinct braces for a surge in property activity. The Vegas Hotel site on North Parade at Mt Druitt has been an asset of Geoff Redmond’s Redmond Group. Blacktown Council was provided
PROPOSED $300m REDEVELOPMENT FOR MT DRUITT’S VEGAS HOTEL Read More »
The sea-kissed Harrington Hotel is being offered to market in mid-north coast NSW, for the first time in 23 years. Situated in the beachside township of Harrington, around 330 kilometres north of Sydney or forty minutes south of Port Macquarie, the Harrington Hotel could be the closest licensed premises to saltwater, courtesy of the Pacific
SEASIDE HARRINGTON HOTEL JOINS COASTAL CAVALCADE Read More »
Hospitality juggernaut Merivale has announced it will soon join Melbourne’s world-class hospitality industry in the beating heart of the city’s CBD, Flinders Lane. Justin Hemmes’ outfit has purchased the freehold of Tomasetti House at 277 Flinders Lane, for close to $45 million. This represents Merivale’s first venue in Melbourne, its first outside New South Wales
After years of rumours and a pandemic delay, Australian Venue Co has finally kicked off its run at the ASX. Australian Venue Co (AVC) has 175 venues across Australia and New Zealand, having aggressively accumulated leasehold sites since 2014. Majority-owned by US private equity giant KKR, AVC is the second-largest hotel operator in the country,
Leading Victorian pub group Black Rhino is seizing opportunity, snapping up a collection of gaming hotels in metro and regional South Australia, starting with the Newmarket in Port Adelaide. David Tomsic – owner and managing director of the Black Rhino Hotel Group (BRH) – is executing strategic moves into the State in pursuit of uplift
A syndicate led by Sam Cruikshank and Sean O’Hara has furthered the faith in the land of many crows, snapping up the Sportsmens Club Hotel. Known locally as ‘Sporties’ the pub features public bar, bistro, gaming room with 14 machines, beer garden and five accommodation rooms, holding a 2am liquor licence Thursday to Saturday. It
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